Finally we have a descending wedge. Theory suggests downside breakout. But wait for confirmation for the candle to close above 1710 or below 1700.
But considering these lowest levels I suggest to wait for new lows and make buy instead of going for sell at highs.
Today we may test the support at 1676 on bearish side if the wedge has bearish breakout.
However on bullish side I see there is strong resistance near 1736-1746 level. So if you want to sell wait until price goes to this level.
BUY 1676 SL 1666 TP 1692
SELL 1736 SL 1748 TP 1722
But considering these lowest levels I suggest to wait for new lows and make buy instead of going for sell at highs.
Today we may test the support at 1676 on bearish side if the wedge has bearish breakout.
However on bullish side I see there is strong resistance near 1736-1746 level. So if you want to sell wait until price goes to this level.
BUY 1676 SL 1666 TP 1692
SELL 1736 SL 1748 TP 1722
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.